Deferred Capital Gains Tax
Deferred capital gains tax per unit of currency (Market value = cost basis), FVIFCGT = [(1+R)^N) x (1-TCG)] + TCGThe first term represents the future accumulation if the entire sum (including the...
View Article2015 Morning (but actually a PM style) Mock Q53 -
I’m struggling with this one. By entering into a reciever swap (pay floating, recive fixed), won’t this increase the sensitivity to interest rates?Is it becuse TCMS is already paying a fixed rate loan,...
View ArticlePositive gamma
I understand that the delta of long puts is negative (if you are long a put, if stock ↑, value of option ↓). But why does this mean positive gamma?
View ArticleMedium term notes dominate the front end of the credit yield curve?
The Curruculum says “medium term notes dominate the front end of the credit yield curve. What does it mean? I understand the part it says there are now less long term issues and more medium term...
View ArticleDelta hedging calculations are a pain..!
Can you folks share your approach to nailing this topic area?
View ArticleOption Strategies: BB 16 Part D
In part D why didn’t they calculate new Delta and compared it to benchmark?
View Article2015 CFAI Mock Morning
Q 38. I cannot post the whole q here.My q is that for 37, we took the equity as 100 MM without leverage but for #38, they are mentioning that there is no leverage but they are showing 200 MM in the...
View ArticleBehavioral Finance Perspective
This reading seems so simple…and then I get to the EOC. I might cry if a similiar template was in this year’s morning session. The fear of a public display of man-tears keeps me motivated to learn all...
View ArticleFor those studying full-time - what does your day look like ?
Hey guys,So for those of us who are already on vacations / studying full-time, I was curious :1 - how many hours per day do you manage to study ?2 - what does your day look like and what is your method...
View ArticleAM session - shorthand writing
Hi, What’s the rule for writing shorthand? I was doing my AM mock and noticed a portion of my response is using shorthand like wrt, w/, w/o, triangle for delta, therefore symbol, infinite, etcShould I...
View ArticleAsset Allocation -- Determining optimal allocation
Hi all,I’ve come across this situation a few times now in the Schweser and Finquiz Mocks. Basically, we are told to find the optimal asset allocation for a person with required return x and 5 corner...
View ArticleCommand Words
Hey guys,I am still figuring out the optimal length of my answers in AM session. So I have given some thought to the topic of command words, as the CFA Institute repeatedly states how important they...
View ArticleHow to access Schweser practice exams through their website?
Quick question - how do I access the answers to the schweser practice exams through their website without having to answer every question in the practice exam?I’m trying to study at work, and don’t...
View ArticleReal vs Nominal and Taxes
This has probably been asked a thousand times every single year. But just so that i get certainty on this. I am trying to calculate nominal before tax return from real return, the tax rate and...
View Article2012AM Question 9 - Derivatives and Continuously Compounded Return
Will we need to do continuous compounding for the CFA3? This one quetion is the only one I’ve seen so far, and I got the answer using a daily compounding rate to get close to the same answer…
View ArticlePrivate Wealth Management
Hi,How does one handle Private Wealth Management questions. Is there a particular strategy people here are following?
View ArticleWhat's happening on June 6th?
The champion’s league final … Here’s to a great exam during the day and am amazing final at night
View ArticlePrivate Wealth Management
Hi,How does one handle Private Wealth Management questions. Is there a particular strategy people here are following?
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